Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. South Africa The Ministry of Industry, Trade and Supply Phone: 5629030 www.mit.gov.jo. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. Continental4.3. © 2021 GlobeNewswire, Inc. All Rights Reserved. According to her, as much as 16 million jobs is possible through public-private partnerships and collaboration in the industry. References10.1. South Africa’s total pharmaceutical expenditure is set to increase from ZAR 43.3bn (USD 3.2bn) in 2017 to ZAR 45.4bn (USD 3.4bn) in 2018, equating to growth of 4.8% Dublin, April 29, 2019 -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. 1 COUNTRY PROFILE AND EXPORT GUIDE SOUTH AFRICA This guide is made possible by the generous support of the American people through the United States Agency for International Development (USAID). Pharmaceutical; Publication dates. The pharmaceutical … Industry Supply Chain2.2. Currently the South African pharmaceutical industry is being affected by legislation, as the government is readjusting the whole healthcare system to make it cost-effective and 16. equitable. The pharmaceutical industry provides the vital service of providing medication to the South African population and was valued at between R42.6bn and R45bn in 2016. You can download the paper by clicking the button above. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. South Africa Pharmaceutical Industry Report 2019 DUBLIN, June 6, 2019 /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to … The pharmaceutical sector, which researches, develops, markets and distributes drugs, as part of the wider healthcare system, is valued at R50bn at manufacturers' exit price and R68bn using retail sales. 1. The original drugs sub-sector remains important, contributing 48.2% of industry sales value but the generics sub-sector is the fastest-growing. Influencing Factors5.1. Barriers to Entry7. Customer Support. In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. Monitor the impact on your business. Pharmaceutical Industry R&D Investments..... 13 Pharmaceutical R&D and its Impact on Global Health..... 16 Incremental Innovation..... 20 R&D for Diseases that Disproportionately Affect the Developing World..... 21. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa’s drug manufacturing capacity on the other. With the increasing adoption of Western lifestyle in Africa, there has been a paradigm shift in the burden of illness towar… South Africa, Turkey and Vietnam) Source: IQVIA (MIDAS May 2019) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2017 * Note: Europe: € million; USA: $ million; Japan: ¥ million x 100 Source: EFPIA member associations, PhRMA, JPMA SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET SALES (%) – 2017 Note: U.K.: … SWOT Analysis8. Enter the email address you signed up with and we'll email you a reset link. Other companies profiled include Ascendis Health, which has sold its pharmaceutical manufacturing facility in Gauteng to Mylan for R130m and is assessing the sale of other divisions and units to focus the business and reduce debt. Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. Industry Associations10. Environmental Concerns6. Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. >South Africa’s pharmaceutical and medical device sectors are the largest and most advanced in sub-Saharan Africa. Regulations4.1.3. Websites, For more information about this report visit https://www.researchandmarkets.com/r/pvayhf. In sub-Saharan Africa, only Kenya, Nigeria, and South Africa have a relatively sizable industry, with dozens of companies that produce for their local markets and, in some cases, for export to neighboring countries. The South African Pharmaceutical industry . 2 CONTENT . Last 2 Weeks (1) Last Month (1) Last 3 Months (4) Last 6 Months (8) Last Year (24) Last 2 Years (32) Last 3 Years (36) More Publication dates; All regions. Abbott Laboratories South Africa (Pty) Ltd, Kellogg Company of South Africa (Pty) Ltd, Zenith Pharmaceutical Distributors (Pty) Ltd. Technology, Research and Development (R&D) and Innovation5.4. Sign up today for your free Reader Account! Size of the Industry4. The Dti provided a broad profile of the industry and indicated that the pharmaceutical market in South Africa was valued at approximately R45 billion in 2015. Corporate Actions4.1.2. Get Reports. Its pharmaceutical spending per capita is high for an African country - at USD 57 in 2017. Talk to Sam +1 718 303 2384. South Africa’s pharmaceutical market is the single largest on the African continent. Share this article: Share Tweet Share Share Share Email Share. Essential Drugs Production in Brazil, Russia, India, China and South Africa (BRICS): Opportunities and Challenges, International Journal of Health Policy and Management IJHPM, Business as usual? This report on the pharmaceutical industry Outlook9. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. This report on the. The pharmaceutical industry, a vital one which incorporates research and development, manufacture, import, distribution, wholesale and retail of pharmaceutical products, was valued at R39.3bn in 2015. Publications10.2. “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. Pharmaceutical and medical device sales have more than doubled in the last 10 years and are expected to reach R48bn and R19bn, respectively 12% in 2019. Competition6.1. The tropical climate of Africa makes the continent the largest reservoir of infectious diseases, particularly malaria, tuberculosis (TB), and acquired immune deficiency syndrome (AIDS), besides frequent outbreaks of polio, meningitis, cholera, pandemic influenza, yellow fever, measles, hepatitis, and tetanus. The Pharmaceutical Industry in South Africa: The pharmaceutical sector is dominated by multinational pharmaceutical companies. The private sector accounted for 84% of the market, and the public sector for the rest. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. DUBLIN, June 6, 2019 /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. Academia.edu no longer supports Internet Explorer. International5. Industry Insights: South Africa Healthcare Market Overview South Africa currently runs a two-tiered healthcare system, comprising of the public and the smaller, rapidly -growing private sector. --The The Pharmaceutical Industry in South Africa 2019 report has been added to ResearchAndMarkets.com' s offering. Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. The country spent 9% of its GDP on healthcare in 2017, which is 4% higher than the WHO’s recommended spending for a country of its socioeconomic status. Africa is the only pharmaceutical market where genuinely high growth is still achievable, value of Africa’s pharmaceutical industry jumped to USD 28.56 billion in 2017 from just USD 5.5 billion a decade earlier. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa's drug manufacturing capacity on the other. All. … The sector seeks to meet this challenge in the context of implementation of the National … PDF/PPT/XLS/Hard Copy. 79 Figure 5.1 Africa has an opportunity to triple historical manufacturing output growth rates, and to double output, in 10 years Potential revenue growth from African manufacturers by 2025. African Pharmaceutical Market Outlook. Sorry, preview is currently unavailable. Several developments that will affect the industry include the Medical Aid Schemes Bill, National Health Insurance Bill, intellectual property regime overhaul, Competition Commission health inquiry and the introduction of a new regulator for medicines, medical devices and complementary medicines. Local4.1.1. South Africa’s pharmaceutical industry employs pharmacists in a wide range of positions such as production, regulatory affairs, quality assurance, responsible pharmacists, etc. Local producers also play in a limited range of the value chain. The contents do not necessarily reflect the views of USAID or the United States Government. "The Pharmaceutical Industry in South Africa 2019", https://www.researchandmarkets.com/r/pvayhf. Labour Resources5.3. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. Industries. Economic Environment5.2. South Africa as an example. To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser. Pharmaceutical Industry 2020 - South Africa Market Research & Statistics. This report on the pharmaceutical industry describes the industry, its size, new developments and factors influencing its success. Russia, Saudi Arabia, South Africa, Turkey and Vietnam) Source: IQVIA (MIDAS May 2018) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2016 * Note: Europe: € million; USA: $ million; Japan: ¥ million x 100 Source: EFPIA member associations, PhRMA, JPMA SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET … Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. By Supplied Feb 5, 2019. DUBLIN, June 6, 2019 /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. A report “ The Pharmaceutical Industry in South Africa 2017 ” highlights some of the developments in the South African manufacturing and retail sectors during 2016 and 2017. The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Introduction2. Foresight Africa 2019 highlights the triumphs of the past years as well as strategies from our experts to tackle the remaining obstacles. All of these issues are discussed in detail in the report. (PDF) Emerging Pharmaceutical Market in South Africa ... ... simple The South African pharmaceutical manufacturing industry in the late 19 90s was well developed and, while operating within a relati vely protected environ ment, it had become the There are comprehensive profiles of 89 companies including the major manufacturers Aspen Pharmacare, Adcock Ingram and Indian manufacturer Cipla and the biggest retailers Dis-Chem and Clicks (New Clicks). To the advantage of the industry, there is a culture of information sharing within the industry and an environment of collaboration on competitive issues (CI) exist in the companies. State of the Industry4.1. Geographic Position3. Region Covered: Africa. The role of BRICS co-operation in addressing health system priorities in East and Southern Africa, BRIC Health Systems and Big Pharma: A Challenge for Health Policy and Management Editorial. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments.Changing Regulatory Environment. CHAPTER 2: ACCESS TO MEDICINES AND HEALTHCARE SYSTEMS ..... 25. The Pharmaceutical Industry in South Africa, 2019, with Comprehensive Profiles on 89 Companies - ResearchAndMarkets.com April 29, 2019 06:50 AM Eastern Daylight Time. Enterprise Development and Social Economic Development4.2. Description of the Industry2.1. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. What 2019 holds in store for pharmaceutical sector. 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